ClimeFi (formerly CarbonX)

We are pleased to share that CarbonX Climate has closed a new oversubscribed investment round with the participation of ENGIE New Ventures, Redstone, VR Ventures and PROfounders Capital. This development reinforces our position among leading intermediaries of Permanent Carbon Removals. At CarbonX, we are working to assist our global clients in fulfilling their net zero ambitions by helping them remove carbon permanently from the atmosphere. The additional capital will support and accelerate the company’s expansion into new geographies and continued investment into building science-based tools and services to professionalise and accelerate the carbon removal industry. We are also looking forward to ENGIE's institutional backing, strengthening our efforts in scaling critical climate infrastructure, and enabling us to offer durable carbon removals solutions to its clientele. We extend our gratitude to our partners and clients for their continued trust and collaboration, and we look forward to sharing additional exciting developments in the next weeks. Together, we work towards our joint mission of reversing the negative effects of a warming world. Press Release: https://lnkd.in/gzUZqydV #CarbonX #EngieNewVentures #Redstone #VRVentures #PROfounders #CarbonRemoval #ClimateAction #NetZero #RaiseAnnouncement

Announcing the Global 1000 CDR Challenge at COP29 Today, ClimeFi (formerly CarbonX), in partnership with XPRIZE, formally launches the Global 1000 CDR Challenge at the 29th United Nations Climate Change conference COP29 Azerbaijan taking place in Baku. The challenge calls for immediate action by each of the world's largest 1,000 companies to enter new purchase agreements for at least 1,000 tonnes of permanent carbon dioxide removal (CDR) in 2025. The Challenge would realise a collective commitment that could exceed one million tonnes of new demand for CDRs globally by the end of next year. Participating companies will be recognised on a dedicated leaderboard at https://lnkd.in/gGsGvidk, providing visibility to those leading the way. By fostering demand and ensuring access to creditworthy offtakes, the Challenge paves the way for scalable and durable carbon removals. To learn more about this initiative and its impact, head to our blog at the following link https://lnkd.in/g-uP-wKX #Global1000CDRChallenge #COP29 #CarbonRemoval #ClimeFi #XPRIZE #CDR

ClimeFi (formerly CarbonX) CEO Shares Our Journey and Renewed Commitment Our CEO, Paolo Piffaretti, shared an insightful post about #ClimeFi's journey and our mission to scale Carbon Dioxide Removal (#CDR) infrastructure. With the growing need for critical climate infrastructure, we're doubling down on driving demand for CDR, reaffirming our dedication to addressing global climate risks. Join us on our mission to secure a sustainable future for our planet. #CDR #ClimateAction #Sustainability #ClimeFi

COP29: Driving Climate Commitments Forward With COP29 Azerbaijan now underway in Baku, urgency for holistic approaches to the climate crisis has never been more relevant. COP negotiations provide a critical mechanism to mobilise capital aligned with carbon reduction goals, policy frameworks, and commitments that can drive meaningful change. Hosted by #Azerbaijan, this year’s conference has been billed as the “Finance COP”, with the global community looking to set a new climate finance goal. In order to ensure that climate financing is being deployed to achieve Net Zero, a dedicated target for permanent carbon removal (CDR) solutions must be established. A #CDR target, in parallel to existing reductions targets, will ensure Paris Agreement pathways can be realised while minimising the worst impacts associated with overshooting the 1.5°C global warming limit. Philip Moss, Chief Investment Officer at ClimeFi (formerly CarbonX), will be attending. #ClimateFinance #NetZero #ClimeFi #COP29

Breaking news! Since 2022, CarbonX has been leading the way in building the market for permanent carbon removal, having purchased over 80,000 tonnes and partnering with leading corporate buyers including Adyen, Boston Consulting Group (BCG), Euronext and more (stay tuned!). Given the rapid development of the company and the CDR industry, we have recently raised additional funding to help scale the company from investors ENGIE, Redstone and PROfounders Capital, to continue the evolution of the company into the leading manager for CDR assets globally. With all this progress, we are making a few changes to help focus and strengthen our offering. Firstly, we have decided that the time is right to change the name of the company, to ensure it more accurately reflects our mission, so moving forward we will be known as ClimeFi! This new brand signifies our efforts to address climate related risks on a global scale by mobilising the finance necessary to address the challenge. ClimeFi (formerly CarbonX) will continue to hone our focus and expertise on managing permanent CDR portfolios and supporting peer buy side institutions to help deliver more demand to the CDR market. Secondly, in order to help achieve these objectives we are also delighted to announce key additions to the ClimeFi team. Philip Moss, former Chairman and Managing Director of NextGen CDR, will be joining ClimeFi in a newly created role as Chief Investment Officer, accelerating our engagement with the CDR buyers community and developing targeted offerings that meet the needs of the CSO community. Victoria Harvey, instrumental in leading and designing the BeZero Carbon ratings for engineered carbon removals, joins as CDR Strategy Lead and will strengthen ClimeFi's due diligence and assessment processes for project onboarding. Sarah Mateu, with a background in Climate and Engineering, joins the Operations team to provide additional insights and capacity for diligence and portfolio management. These new appointments signal the ambition of ClimeFi (formerly CarbonX) to be the leading financial services company to the carbon removal industry and the growth of the company. We look forward to engaging with you all under our new moniker and hope to have further conversations at the upcoming events later this year. Please find more information on our announcement: https://lnkd.in/eKXKF_dn

Breaking news! Since 2022, CarbonX has been leading the way in building the market for permanent carbon removal, having purchased over 80,000 tonnes and partnering with leading corporate buyers including Adyen, Boston Consulting Group (BCG), Euronext and more (stay tuned!). Given the rapid development of the company and the CDR industry, we have recently raised additional funding to help scale the company from investors ENGIE, Redstone and PROfounders Capital, to continue the evolution of the company into the leading manager for CDR assets globally. With all this progress, we are making a few changes to help focus and strengthen our offering. Firstly, we have decided that the time is right to change the name of the company, to ensure it more accurately reflects our mission, so moving forward we will be known as ClimeFi! This new brand signifies our efforts to address climate related risks on a global scale by mobilising the finance necessary to address the challenge. ClimeFi (formerly CarbonX) will continue to hone our focus and expertise on managing permanent CDR portfolios and supporting peer buy side institutions to help deliver more demand to the CDR market. Secondly, in order to help achieve these objectives we are also delighted to announce key additions to the ClimeFi team. Philip Moss, former Chairman and Managing Director of NextGen CDR, will be joining ClimeFi in a newly created role as Chief Investment Officer, accelerating our engagement with the CDR buyers community and developing targeted offerings that meet the needs of the CSO community. Victoria Harvey, instrumental in leading and designing the BeZero Carbon ratings for engineered carbon removals, joins as CDR Strategy Lead and will strengthen ClimeFi's due diligence and assessment processes for project onboarding. Sarah Mateu, with a background in Climate and Engineering, joins the Operations team to provide additional insights and capacity for diligence and portfolio management. These new appointments signal the ambition of ClimeFi (formerly CarbonX) to be the leading financial services company to the carbon removal industry and the growth of the company. We look forward to engaging with you all under our new moniker and hope to have further conversations at the upcoming events later this year. Please find more information on our announcement: https://lnkd.in/eKXKF_dn

We are happy to announce that Paolo Piffaretti, Co-Founder of CarbonX Climate, will be speaking at the 20th Anniversary of Cleantech Forum Europe, taking place in Chantilly, France from November 5-7, 2024. Paolo will be discussing carbon procurement strategies, market trends and the role of permanent carbon removal in advancing the journey to net zero. We’re pleased to join an impressive lineup of speakers and companies, including Julia Reinaud, Senior Director for Europe at Breakthrough Energy , Adelaide Cracco, Head of Climate and Environmental Impact Investments at the European Investment Fund (EIF), and Michael Klimbacher, Director at Decarbonization Partners. Together, we'll be sharing insights and collaborating on the future of cleantech. #CleantechForumEurope #20thAnniversary #NetZero #CDR #Sustainability #ClimateAction #CarbonX

In our latest paper, 'Demystifying Biomass Carbon Dioxide Removal', we provide an in-depth look at biomass. As we progress toward net-zero emissions, biomass-based carbon dioxide removal has become a cornerstone of climate strategy and currently leads as the primary CDR pathway. Swipe through the following carousel to see some of our four key takeaways. #CarbonRemoval #BiomassCDR #CarbonX #Sustainability #NetZero

Our 'Seeing is Believing' tour continued last week with a visit to neustark’s site in #Zürich, where we observed firsthand their carbon removal technology, designed to support more sustainable practices in construction. “At CarbonX, we encourage Corporate Buyers to witness firsthand carbon removal technologies deployed in the field. CDR Buyers play a pivotal role in providing necessary market commitment to these solutions, which in turn play a critical role in a corporate net zero journey". - Megan Hunold, Head of Partnerships, CarbonX Climate. Neustark, utilising mineralisation technology, works with biogas plants to capture and liquefy CO₂, transporting it to concrete partners for sequestration. Through an accelerated mineralisation process, Neustark injects CO₂ into demolished concrete, where it mineralises into limestone within the concrete granules. This process seeks to both sequester CO₂ and strengthen concrete, addressing key sustainability aspects within construction. Our visit highlighted the applications of this approach, reinforcing the value of firsthand insight as we collectively pursue measurable impacts toward net-zero targets. To join our next site visit, register your interest here, and our team will be in touch: https://lnkd.in/gD9UZbaN #SiteVisits #Neustark #CarbonX #CDR

A lot of sweat (and nearly tears) has finally paid off ! 💡 Excited to release our new paper, "Demystifying Biomass CDR: A Roadmap for Sustainable Biomass Sourcing", after extensive research and interviews of renown experts in the field 🔍 Hopefully this will help to increase transparency on this (very) complex topic and kickstart interesting discussions with passionate people in the space